The California Governor signed a law that includes providing the Franchise Tax Board (FTB) with the discretion to maintain the state income tax-exempt status of an I.R.C. §501(c)(3) nonprofit whose ...

The owner of a luxury womenswear brand and her husband told the US Tax Court the IRS wrongly determined they owe more than $752,000 in additional federal income taxes and nearly $178,000 in penalties ...

An IRS employee who’s spoken against promoters selling nonexistent tax credits is suing the sponsor of the credits for defamation.

For months, the billionaires of Silicon Valley (and a few other gilded corners of California) have been scrambling to stop a statewide measure that would levy a one-time 5% wealth tax on their assets.

The European Union on Friday removed Panama and Vietnam from its list of countries with harmful tax practices. The two countries have “committed to fulfilling the necessary steps” for upgrading their ...

Arizona House races in next month’s midterms could serve as a referendum on the GOP’s massive 2025 tax-and-spending law, Zach C. Cohen reports. The law’s impact on the swing state will test how and ...

Two high-profile tax cases involving Meta Platforms Inc. and medical giant Perrigo Co. are being closely watched by tax practitioners for clarity on a key issue: Can the IRS reach back and change the ...

The Saudi General Authority of Zakat and Tax Oct. 5 announced the Oct. 10 deadline for entities to file September 2026 withholding tax declarations. The announcement includes that: 1) entities are ...

The IRS issued temporary regulations implementing general requirements for Trump Accounts under I.R.C. §530A, including automatic enrollment and rules for qualified general contributions. The ...

The IRS proposed regulations implementing the new nonrefundable Federal Scholarship Tax Credit under I.R.C. §25F for qualified contributions to scholarship granting organizations (SGOs). The proposed ...

The IRS issued temporary regulations under I.R.C. §25F addressing the new nonrefundable federal income tax credit for qualified contributions to scholarship granting organizations (SGOs) beginning in ...

The IRS issued final regulations amending Transparency in Coverage requirements under the Internal Revenue Code, ERISA, and the Public Health Service Act for group health plans and health insurance ...